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UN agency: Iran violating all restrictions of nuclear deal

Kiyoko Metzler and David Rising, Associated Press  |  Posted Jun 5th - 9:33am

Iran has continued to increase its stockpiles of enriched uranium and remains in violation of its deal with world powers, the United Nations' atomic watchdog said Friday.

Trump hails jobs report, but unemployment rate still high

Zeke Miller and Darlene Superville, Associated Press  |  Posted Jun 5th - 9:10am

President Donald Trump took a victory lap Friday morning after the government reported surprising job gains for last month, seizing on the data to predict that the worst of the coronavirus pandemic and its economic disruption was in the rear-view mirror.

Grains mixed,livestock mixed.

The Associated Press  |  Posted Jun 5th - 8:54am

Grain futures were mixed on Friday in early trading on the Chicago Board of Trade. Wheat for July delivery was unchanged at $5.1820 a bushel; July corn was unchanged at $3.2860 a bushel; July oats fell 6.20 cents at $3.3620 a bushel; while May soybeans was off 2.80 cents at 8.6560 a bushel.

Dollar lower

The Associated Press  |  Posted Jun 5th - 8:07am

The U.S. dollar is lower against other North American currencies in New York trading.

Canadian economy unexpectedly adds 289,600 jobs in May

The Associated Press  |  Posted Jun 5th - 7:26am

Statistics Canada reported Friday the Canadian economy added 289,600 jobs in May, with businesses reopening amid easing public health restrictions.

US unemployment drops unexpectedly to a still-high 13.3%

Christopher Rugaber, Associated Press  |  Posted Jun 5th - 7:12am

U.S. unemployment dropped unexpectedly in May to 13.3% as reopened businesses began recalling millions of workers faster than economists had predicted, triggering a rally Friday on Wall Street and giving President Donald Trump something to boast about amid his reelection bid.

Putin chastises Russian tycoon over massive Arctic oil spill

The Associated Press  |  Posted Jun 5th - 7:06am

Russian President Vladimir Putin on Friday chastised the billionaire owner of a nickel giant for negligence resulting in a massive fuel oil spill that has inflicted huge damage on a fragile Arctic region.

Here is the latest news from The Associated Press at 8:45 a.m. EDT

The Associated Press  |  Posted Jun 5th - 6:46am

Employers actually added jobs in May. The Labor Department reports employers filled 2.5 million positions last month. That brought the unemployment rate down to 13.3% as the impact from the coronavirus pandemic eases. Economists had expected that report would show a loss of more than 8 million jobs in April.

Unemployment dips to 13.3% as US added 2.5 million jobs in May as impact from virus eases

The Associated Press  |  Posted Jun 5th - 6:32am

Unemployment dips to 13.3% as US added 2.5 million jobs in May as impact from virus eases.

Stocks jump on Wall Street following suprise May job gains

The Associated Press  |  Posted Jun 5th - 5:55am

more than triple the number of jobs lost during the 2008-2009 Great Recession.

No progress: EU, UK remain far apart in post-Brexit talks

Samuel Petrequin and Pan Pylas, Associated Press  |  Posted Jun 5th - 5:40am

Another round of trade discussions between the European Union and the U.K. ended Friday — and once again there were no signs of progress ahead of a looming deadline on whether a transition arrangement can be extended.

German factory orders plunge, portending lean times ahead

The Associated Press  |  Posted Jun 5th - 2:46am

Factory orders in Germany plunged even more than anticipated in April, underlining the effect the coronavirus pandemic has had on Europe's largest economy.

Update on the latest in business:

The Associated Press  |  Posted Jun 5th - 1:41am

Shares advanced in Asia today, with Tokyo's Nikkei 225 closing at its highest level since late February.

Malaysian ex-PM to hear verdict in 1st graft case in July

The Associated Press  |  Posted Jun 5th - 1:09am

Malaysian ex-Prime Minister Najib Razak was victimized by rogue bankers and should be acquitted of corruption charges linked to the massive looting of a state investment fund, his lawyers said Friday at the close of his first corruption trial over the scandal.

Despite global reopening push, some jobs are gone for good

Angela Charlton and Tassanee Vejpongsa, Associated Press  |  Posted Jun 5th - 1:04am

Factories and stores are reopening, economies are reawakening – but many jobs just aren’t coming back.

Chief struggles to change Minneapolis police culture

Tammy Webber and Amy Forliti, Associated Press  |  Posted Jun 5th - 12:31am

When Medaria Arradondo was tapped to lead the Minneapolis Police Department in 2017, he faced a public newly outraged by the fatal police shooting of a woman who had called 911 and still carrying deep mistrust from the killing of a black man two years earlier.

9 firefighters hospitalized in Florida after ship explosion

The Associated Press  |  Posted Jun 5th - 12:06am

Nine firefighters responding to a fire aboard a ship in Florida have been hospitalized after the ship exploded, injuring eight and sending one to a hospital for heat exhaustion, authorities said.

California curfews lifting amid peaceful protests

Christopher Weber and Brian Melley, Associated Press  |  Posted Jun 4th - 11:21pm

California cities and counties cautiously lifted curfews after days of sporadic mayhem were replaced by peaceful protests and pledges by lawmakers to fight inequality.

Mayor in crisis: Role shifts for LA's Garcetti amid unrest

Michael R. Blood, Associated Press  |  Posted Jun 4th - 11:03pm

The outrage over George Floyd's death arrived at Los Angeles Mayor Eric Garcetti’s front door in the form of hundreds of shouting protesters gathered outside his home, loudly chanting to gut funding for the police department.